Dallas, TX 75238 Real Estate Market Report

ZIP Code: 75238
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of February 2026, the median sold price in Dallas, TX (ZIP: 75238) stands at $686,250, reflecting a market that has decreased 8% since 2022. This decline indicates a shift in buyer sentiment and market dynamics, as the area transitions from previous high demand conditions to a more balanced state. The current median listing price of $699,000 suggests that sellers may be adjusting their expectations in light of the recent price trends, leading to potential pricing friction in negotiations.

The market is characterized by elevated inventory levels, with a notable median days on market of 210 days, indicating slower sales velocity. This extended time frame for properties on the market may suggest that buyers are exercising increased negotiating power, as the excess supply relative to sales activity allows them to be more selective. Despite the underlying economic fundamentals remaining positive due to sustained in-migration, the overall market temperature is currently neutral, reflecting a balance between buyer and seller expectations.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Dallas TX average around 5.97% to 6.09%, which is slightly higher than the 5.50% to 5.875% seen for similar loans originated earlier in 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The median sold price of $686,250 indicates a market that has decreased by 8% since 2022, suggesting potential pricing adjustments by sellers.

2. With a median days on market of 210 days, properties are experiencing slower sales velocity, which may indicate a shift in buyer sentiment and market dynamics.

3. The median listing price of $699,000 suggests that sellers are facing pricing friction as they adjust to the current market conditions.

4. Elevated inventory levels relative to sales activity may provide buyers with increased negotiating power, reflecting a balanced market environment.

5. The median market rent of $2,272 shows a down trend year-over-year, indicating potential challenges in the rental market.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.